Lanmar

Lanmar

A lot of confluence here on ENPH, a leader in the solar energy group: - Trend line retest - Bounce off the 200dma - Gap filled and bullish engulfing on the daily - Horizontal support tagged Watch for a base to build as it tries to clear overhead resistance that's still ahead - on the daily it's still below the 10,20,50 moving averages, so it's likely to remain...

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Roku is a buy in the blue zone (112 - 118). Ideal price is 116. - That represents the 618 retracement from its most recent trough and peak. - It's also where the 50 day moving average falls (118) - And where the most significant short term structure is. And here is Roku inverted on a longer term basis... Sometimes seeing charts upside down show things more...

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GBTC (Grayscale Bitcoin trust) is the only form of pure exposure to Bitcoin for stock trading accounts. The biggest problem GBTC had in its inception and during the bull market of 2016 - 2017 was how many Bitcoins were held in the trust in relation to its stock price. At the height of the crypto rally in 2017, GBTC was trading in the vicinity of a 100%+ premium to...

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Yes market looks like it'll breakdown, but it always does before it doesn't. For the time being we have one trendline to work with (I prefer calling them demand lines because that's the logic behind the voodoo - it's where buyers historically step in and absorb supply, that simple). Economics 101: supply and demand curves. Demand for price increases with time,...

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ENPH is the largest holding in the Solar energy Exchange Traded Fund (TAN) at 12.21%. Notice how it's been consolidating in the form of a weekly bull flag for ~203 days - same length of time it took to breakout in the weekly flag between 2018 - 2019. Let's see if it does it again. I want to be long the strongest solar name. When you take a quick look at ENPH...

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The 50day MA has worked well in the last year for both supply and demand levels. Notice price is correcting toward the 50dma again which also corresponds with the trendline before both of its parabolic breakouts. Between 100 - 110 is probably going to be key for dip buyers

Lanmar

I was at a BBQ this weekend and a friend asked me how high could Ethereum go in *THIS* cycle. The answer is always the same - I don't have a clue, but you should say long. I looked at the chart later that day and asked myself if I was forced to pick a number, which would it be? The highest number possible with some logic attached to it. Keep in mind, the chart...

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Update to this post: Looks like AMZN will not replicate NVDA's price action! Amazon is set up to have a false breakout today and get back in its 12 month+ range. Anywhere between 3250 - 3300 is likely going to be major support. There a lot of structure, a .764 retrace, 200dma (I used the 250dma because held the lows perfectly), and arguably an advanced...

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Every year since 2015 ETHBTC was at a relative buy point around winter time - mostly in December. It's a strange cyclical pattern that keeps repeating for mysterious reasons. This year, I would argue, the ETHBTC ratio has the HIGHEST PROBABILITY of repeating this pattern of any other year in its history. I make this statement entirely based on technicals. - We...

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The IBD 50 broke out of its 7 month long symmetrical triangle yesterday on the daily time frame. How it finishes on Friday will be key for the weekly close The false break down in July makes me more confident that we'll see follow through to the upside. A lot of growth traders / investors hold companies in this index. Here's a link to its holdings (updated...

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Some reasons why we're probably near a bottom with Chinese equities, +/- 10-20% 1) Since 2013, price has consistently respected the trendline - no different than a standard demand curve in economics. Trendlines are demand for price over a period of time and they work best when price revisits them often and shown to bounce after. 2) We also have the 200 week...

Lanmar

(APPS) Digital Turbine has been consolidating all of 2021 after its market leadership last year. Difficult to say if that same leadership will continue, but the evidence suggests this is a good spot to put APPS back on the radar for a long position. A view applying the 50 day and 200 day moving averages: The Monthly View: I'm long from Wednesday and...

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We're approaching a window of time to stay on your toes. (Does not mean sell everything - we're in a stock pickers market and a lot of stocks will continue doing well.) If you look back to the inception of the VIX (early 1990s) you'll see the wedge is a pretty good classical charting pattern to apply and have some sense of potential VIX rallies. Not an easy...

Lanmar

LVS is retesting its covid peak lows of March 2020 and at a 10 year support. With China's tightening regulation on casino's, Las Vegas Sands looks in trouble as it has significant exposure to Macau. There's some clear relative weakness when compared to MGM, which has a much larger US portfolio of properties LVS properties: www.sands.com MGM properties:...

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There's some significant alignment at the blue level indicated in the chart above: 1) 618 retracement 2) 50 day simple moving average 3) Volume profile Looking at the daily time frame the 50dsma held throughout the year so I expect that to continue: Odds are we at least see a minor dip from here as September is seasonally weak + we have quadwitching on...

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Before you read, this is not a prediction - just a possibility. The "never gonna happen" people probably haven't traded markets long enough to know there's no such thing as never gonna happen in the market, let alone in crypto. So this is a look at the quarterly chart and what I'd view as the "Armageddon scenario" where BTC retests 15-12k (yes it can...) Just...

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Both Moderna and BioNTech are breaking out today on the daily time frame. The relative strength in these vaccine stocks is something to pay attention to. Not sure if it means anything for Covid, but with the resurgence of cases making headlines on TV again, we might see continued strength in these names. Breakouts have not been working recently, but the r/r...

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Solana is going daily-up (today's daily candle is higher than the previous daily candle) right after hitting the 200 day moving average. Most of 2021 Solana had relative strength off of oversold periods which we're at now. I got long SOL yesterday and will add if it reclaims 26.80, targeting the 31 - 32 range. Solana also looks better than ETH as long as it...